Speaking on the purpose of their visit, Mr Widinugraha commended NNPC
for its support in crude oil supply which has helped Indonesia to achieve energy sufficiency, adding that the country needed further assistance in the form of increased crude oil allocation.
The tender, which was issued on Monday afternoon and closed on Tuesday, sought 42 cargoes of gasoline, each 37,000 tons, on top of the volumes NNPC
is taking via ongoing crude-for-product swap contracts.
boss explained that the concomittant effect of the efforts was a significant growth in domestic gas supply in the last few months, adding that during the period, domestic gas supply had increased from an average of 700 MCF/d in July 2016 to 1,220 MCF/d at present.
They added that they blew up two lines next day close to Batan flow station in Delta state run by NPDC, a subsidiary of NNPC
2 billion in six months to NNPC
expenses of unknown priority raises serious questions about fiscal responsibility.
The first portion, which will be debated in the National Assembly this year, will focus on tackling corruption and reforming the NNPC
Abuja has already taken greater control over supervising the accounts of state-owned companies, including the NNPC
, in order to tackle the siphoning off of funds.
In 2013, the then central bank's governor Mallam Sanusi Lamido Sanusi had accused NNPC
of not properly accounting for about $20bn of oil and gas revenues.
Yet at the beginning of the new 199 page report, PwC essentially says that the findings are inconclusive because information, like at least some NNPC
revenues, is still missing.
That the Senate accepts the subsidy deducted by NNPC
in the sum of $1.
The parliament also alleged that another $700 million recently paid to the NNPC
in respect of government's investments in NLNG may not have been paid into the federation account.
The country's Minister of State for Petroleum Odein Ajumogobia said China would not be given all the reserves it was seeking but that Nigerian state oil firm NNPC
could sell stakes in joint ventures with existing oil partners if Beijing offered the right price.